THELOGICALINDIAN - Sources advance the aggregation will barrage its own barter token
Revolut, a payments app aggregation based in the U.K., is reportedly planning to acquaint its own cryptocurrency token.
Revolut Could Launch Exchange Token
Two sources told Coindesk today that Revolut affairs to actualize a badge for use on its payments and trading app.
The aboriginal address drew comparisons to Wirex’s WXT token, Nexo’s NEXO token, and Binance’s Binance Coin, all of which are usually classified as barter tokens.
This implies that users would acquire crypto rewards by captivation and application the Revolut badge aback they accomplish payments. The address did not announce how abundant users could acquire aback per transaction.
Sources appropriate that the Revolut badge will not barrage unless it assets approval from the U.K.’s Financial Conduct Authority (FCA) and that the badge would initially be fabricated accessible in Europe.
Revolut Valued at $33 Billion
Revolut is a payments app that additionally allows users to advance in stocks, commodities, and added assets.
It initially launched crypto trading in 2017 and alien abutment for assorted tokens. Most recently, it added Dogecoin to its account of accurate tokens in June of this year.
Initially, the app alone accustomed users to authority crypto and catechumen it to and from authorization currency. The aggregation began to acquiesce Bitcoin withdrawals for some users alpha in May.
The aggregation is admired at $33 billion, with contempo acknowledged fundraisers that brought in $800 million and $500 million.
Disclaimer: At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
